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Global E-cigarette and T-Vapor Market, Analysis and Forecast (2017-2025) (Focus on Product Segments, Distribution Channels and Country Analysis)

Global E-cigarette and T-Vapor Market, Analysis and Forecast (2017-2025) (Focus on Product Segments, Distribution Channels and Country Analysis)

High prevalence of tobacco related mortality and growing health concerns have compelled governments across the globe to take measures to curb tobacco use by implementing prohibitive taxation, indoor smoking bans, and awareness campaigns about health risks, among others. Innovative products such as, e-cigarettes and t-vapor products are being developed, to explore alternate smoking cessation methods, that substitute the nicotine intake of smokers but eliminate or reduce the harm caused by tobacco cigarettes.

The e-cigarette and t-vapor market amounted to $11.44 billion in 2016 and is expected to witness a double-digit growth throughout the forecast period of 2017-2025.

The research study is a compilation of various segmentations including the market breakdown by product segment, by components, by distribution channel, and by region. This report provides a detailed market analysis and forecast of various product segments, namely disposable e-cigarettes, rechargeable cig-a-likes, closed tank systems, open tank systems, and t-vapor. Additionally, it also includes sub-segmentation of each product type by components such as, e-liquid, battery, atomizers, and tobacco sticks.

The market has been analyzed based on various micro and macro trends influencing it. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, industry attractiveness, market share analysis, competitive benchmarking, and the position of the competitors within the global e-cigarette and t-vapor market.

The following key questions have been addressed in the report:

  • How has the e-cigarette and t-vapor market evolved in the past and how is it anticipated to evolve during the forecast period from 2017 to 2025?
  • What are the major market factors propelling the growth of the market?
  • What are the various challenges that are faced by the industry that need to be addressed?
  • Who are the key players across product segments and regions in the e-cigarette and t-vapor market?
  • What are the key developmental strategies adopted by the key players to stand out in this market?
  • What were the market shares of the different e-cigarette types and their components across countries in 2016 and 2017?
  • How will the market and aftermarket for each product type of the global e-cigarette and t-vaporizer market grow during the forecast period? What will be the revenue generated by each segment by the end of 2025?
  • Which distribution channels are used by players to market their products across regions and why? What will be the revenue generated through each channel through the forecast period?
The report also includes an exhaustive analysis of the market for each geographical region, namely North America, Europe, Asia-Pacific, Latin America and RoW. Each geographical region analysis details the individual push and pull forces, and market and aftermarket for each product type, in addition to the key players from that region.

The report also examines the role of the leading market players involved in the industry. The company profiles section highlights significant information about the key companies such as their product portfolio, financial positions, and the SWOT analysis of these players. Some of the key players in the e-cigarette and t-vapor market are Japan Tobacco Inc., Altria Inc., Philip Morris International, British American Tobacco, Njoy, Apollo Ecigs, JUUL, Innokin, PAX Labs, and Flavortech.


Executive Summary
1 Report Scope and Methodology
1.1 Scope of the Report
1.2 Key Learnings
1.3 Research Methodology
1.3.1 Key Data Points From Primary Sources
1.3.2 Key Data Points from Secondary Sources
1.3.3 Data Triangulation
1.3.4 Bottom-Up Approach (Segmental Analysis)
1.3.5 Top-Down Approach (Segmental Analysis)
1.3.6 Assumptions and Limitations
1.3.7 Assumptions and Limitations for Market Estimation and Forecast
2 Market Overview
2.1 Introduction
2.2 Evolution of E-cigarettes
2.3 Addressable Market Size and Growth Potential
3 Market Dynamics
3.1 Impact Analysis of Market Drivers and Challenges
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Competitive Landscape
4.1 Key Developments and Strategies
4.1.1 Product Launches
4.1.2 Mergers and Acquisitions
4.1.3 Business Expansions
4.1.4 Partnerships and Agreements
4.1.5 Awards and Recognitions
4.2 Market Share Analysis
5 Industry Analysis
5.1 Industry Attractiveness
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Buyers
5.1.3 Bargaining Power of Suppliers
5.1.4 Threat of Substitutes
5.1.5 Intensity of Competitive Rivalry
5.2 Regulatory Bodies
5.3 Compliance and Certifications
5.4 Consortia
6 Global E-cigarette and T-Vapor Market by Product Type
6.1 E-cigarette Market
6.1.1 Disposable Cigarettes
6.1.2 Rechargeable Cig-a-likes
6.1.3 Closed Tank Systems
6.1.4 Open Tank Systems
6.2 T-Vapor Market
6.2.1 T-Vapor Product by Type (Next Generation Products and Infused Products)
6.2.2 T-Vapor Market by Brand
6.2.2.1 IQOS
6.2.2.2 iFuse and Glo
6.2.2.3 PloomTech
7 Global E-cigarette and T-Vapor Market by Component Type
7.1 E-cigarette Aftermarket
7.1.1 E-liquids
7.1.1.1 Pre-filled E-liquids
7.1.1.2 Bottled E-liquids
7.1.2 Atomizers
7.1.3 Batteries
7.2 T-Vapor Device and Tobacco Sticks/Capsules Market
8 Global E-cigarette and T-Vapor Market by Distribution Channel
8.1 E-cigarette Market By Distribution Channel
8.1.1 Online Distribution Channel
8.1.2 Retail Distribution Channel
8.1.2.1 Vape Shops and Tobacco Shops
8.1.2.2 Supermarkets and Convenience Stores
8.1.2.3 Others
8.2 T-Vapor Market by Distribution Channels
9 Global E-cigarette and T-Vapor Market by Region
9.1 Global E-cigarette Market
9.1.1 North America E-cigarette Market
9.1.1.1 The U.S.
9.1.1.2 Canada
9.1.2 Europe E-cigarette Market
9.1.2.1 The U.K.
9.1.2.2 Germany
9.1.2.3 France
9.1.2.4 Poland
9.1.2.5 Italy
9.1.2.6 Rest of Europe
9.1.3 APAC E-cigarette Market
9.1.3.1 China
9.1.3.2 India
9.1.3.3 Japan
9.1.3.4 Rest of APAC
9.1.4 Latin America E-cigarette Market
9.1.5 Rest of the World E-cigarette Market
9.2 Global T-Vapor Market
9.2.1 North America T-Vapor Market by Country
9.2.2 Europe T-Vapor Market by Country
9.2.3 APAC T-Vapor Market by Country
9.2.4 Rest of the World (RoW)
10 Company Profiles
10.1 Altria Inc.
10.1.1 Overview
10.1.2 Product Portfolio
10.1.3 Financials
10.1.3.1 Financial Summary
10.1.4 SWOT Analysis
10.2 Apollo Future Technology Limited
10.2.1 Overview
10.2.2 Product Portfolio
10.2.3 SWOT Analysis
10.3 British American Tobacco Company
10.3.1 Overview
10.3.2 Product Portfolio
10.3.3 Financials
10.3.3.1 Financial Summary
10.3.4 SWOT Analysis
10.4 Eleaf Electronics Co., Ltd.
10.4.1 Overview
10.4.2 Product Portfolio
10.4.3 SWOT Analysis
10.5 Flavourtec SP. Z.O.O.
10.5.1 Overview
10.5.2 Product Portfolio
10.5.3 SWOT Analysis
10.6 Japan Tobacco Inc.
10.6.1 Overview
10.6.2 Product Portfolio
10.6.3 Financials
10.6.3.1 Financial Summary
10.6.4 SWOT Analysis
10.7 JUUL Labs
10.7.1 Overview
10.7.2 Product Portfolio
10.7.3 SWOT Analysis
10.8 International Vapor Group
10.8.1 Overview
10.8.2 Product Mapping
10.8.3 SWOT Analysis
10.9 Innokin Technology Co.Ltd.
10.9.1 Overview
10.9.2 Product Portfolio
10.9.3 SWOT Analysis
10.10 Molecule Labs Inc.
10.10.1 Overview
10.10.2 Product Portfolio
10.10.3 SWOT Analysis
10.11 Nicopure Labs LLC
10.11.1 Overview
10.11.2 Product Portfolio
10.11.3 SWOT Analysis
10.12 NJOY
10.12.1 Overview
10.12.2 Product Portfolio
10.12.3 SWOT Analysis
10.13 Philip Morris International, Inc.
10.13.1 Overview
10.13.2 Product Portfolio
10.13.3 Financials
10.13.3.1 Financial Summary
10.13.4 SWOT Analysis
10.14 PAX Labs, Inc.
10.14.1 Overview
10.14.2 Product Portfolio
10.14.3 SWOT Analysis
10.15 VMR Products, LLC
10.15.1 Overview
10.15.2 Product Portfolio
10.15.3 SWOT Analysis
10.16 Snapshots
10.16.1 Gamucci Electronic Cigarettes
10.16.2 Healthier Choices Management Corp.
10.16.3 Korea Tobacco & Ginseng Corporation
10.16.4 Pillbox 38 U.K. Ltd.
List of Tables
Impact Analysis of Drivers
Impact Analysis of Challenges
Average Cost of E-cigarettes and their Components
Product Launches
Mergers and Acquisitions
Business Expansions and Fund Raising
Partnership and Agreements
Awards and Recognitions
HEETs Shipment Volume, 2016 & 2017
Revenue Generation from Reduced Risk Products, 2016 & 2017
Overview - Altria Group, Inc.
Overview - Apollo Future Technology Ltd.
Overview - British American Tobacco
Overview - Eleaf Electronics Co., Ltd.
Overview - Flavortec SP. Z O.O.
Overview - Japan Tobacco Inc.
Overview - JUUL Labs, Inc.
Overview - International Vapor Group
Overview - Innokin Technology Co., Ltd.
Overview - Molecule Labs, Inc.
Overview - Nicopure Labs, LLC
Overview - NJOY
Overview - Philip Morris International, Inc.
Overview - PAX Labs, Inc.
Overview - VMR Products, LLC
Overview - Gamucci Electronic Cigarettes
Overview - Healthier Choices Management Corp.
Overview - Korea Tobacco & Ginseng Corporation
Overview - Pillbox38 U.K. Ltd.
List of Figures
Global E-cigarette and T-Vapor Market
Market Snapshot, Global E-cigarette Market, 2016
Global E-cigarette Market by Product Type, 2016
Global E-cigarette Market by Product Type, 2025
Global E-cigarette Market by Components, 2016
Global E-cigarette Market by Components, 2025
Global E-cigarette Market by Distribution Channels, 2016
Global E-cigarette Market by Distribution Channels, 2025
Global T-Vapor Market by Component, 2016
Global T-Vapor Market by Components, 2025
Global T-Vapor Market by Product Type, 2016
Global T-Vapor Market by Product Type, 2025
Global T-Vapor Market by Region ($Million), 2016, and 2025
The U.S. E-cigarette Market Share Analysis, 2017
Scope of the Report
Research Methodology
Secondary Data Sources
Bottom-Up Approach
Top-Down Approach
Market Dynamics: E-cigarettes and T-Vapor Market
Cost of Smoking/Vaping Equivalent to One Pack of Cigarettes per Day for a Year
Share of Different Strategies in the Market
The U.S. : Market Share of Leading E-cigarette Brands (2017)
The U.S. : Market Share of Leading E-cigarette Brands in Convenience Stores and Supermarkets (2017)
EU TPD Proposed Guidelines for European E-Cigarette Market
Guidelines Supervising Supply and Import of E-Cigarettes in Australia, by TGA
Health Risks of Electronic Nicotine Delivery Systems (ENDS) to Users and Non- Users
Efficacy of Electronic Nicotine Delivery Systems (ENDS) as a Smoking Cessation Tool
Guidelines for Regulating the Manufacturing of E-liquid by AEMSA
Irish Vape Vendors Association: Goals
Key Operating Principles of SFATA
Suggested Policies for E-Cigarette Regulations by TCLC
E-Cigarette Compliance Regulations by TVECA
Global E-cigarette Market by Product Type 2016-2025 ($Million)
Advantages and Disadvantages of Disposable E-cigarettes
Global Disposable E-cigarette Market, 2016-2025 ($Million)
Advantages and Disadvantages of Rechargeable E-cigarettes
Global Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Advantages and Disadvantages of Closed Tank Systems
Global Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Advantages and Disadvantages of Open Tank Systems
Global Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Global T-Vapor Market, 2016-2025 ($Million)
Global T-Vapor Market by Product Type, 2016-2025 ($Million)
Global T-Vapor Market by Brand, 2016-2025 ($Million)
Contribution of IQOS Sales to Total Revenue of the Company
Markets Where IQOS is Available
HEETs Production and Commercialization Volume (Billion Units), 2016-2018
Global E-cigarette Aftermarket by Components 2016-2025 ($Million)
Global Pre-filled and Bottled E-liquid Market 2016-2025 ($Million)
Advantages and Disadvantages of Pre-filled E-liquid
Advantages and Disadvantages of Bottled E-liquid
Global T-Vapor Market by Component ($Million), 2016-2025
Market Segmentation by Distribution Channel
Global E-cigarette Market by Distribution Channel , 2016-2025 ($Million)
Advantages of Online Distribution Channels
Global E-cigarette Market by Online Distribution Channel, 2016-2025 ($Million)
Advantages of Retail Distribution Channels
Global E-cigarette Market by Retail Distribution Channels, 2016-2025 ($Million)
Number of Vape Shops in the U.S. by State
Global T-Vapor Market by Distribution Channel , 2016-2025 ($Million)
Global T-Vapor Market by Distribution Channel , 2016-2025 ($Million)
Market Segmentation by Region
North America E-cigarette Market by Country , 2016-2025 ($Million)
Smoking Rate among Adults (%) in the U.S.
The U.S. E-cigarette Device Market and Aftermarket, 2016-2025 ($Million)
The U.S. E-cigarette Market by Product Type, 2016-2025 ($Million)
The U.S. Rechargable E-cigarette Market by Components, 2016-2025 ($Million)
The U.S. Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
The U.S. Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Canada E-cigarette Device Market and After Market, 2016-2025 ($Million)
Canada E-cigarette Market by Product Type, 2016-2025 ($Million)
Canada E-cigarette Rechargeable E-cigarette Market by Component, 2016-2025 ($Million)
Canada Closed Tank E-cigarette Market by Components, 2017-2025 ($Million)
Canada Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Europe E-cigarette Market by Country 2016-2025 ($Million)
The U.K. E-cigarette Device Market and After Market, 2016-2025 ($Million)
The U.K. Market by Product Segment , 2016-2025 ($Million)
The U.K. Rechargeable E-cigarette Market by Component, 2017-2025 ($Million)
The U.K. Closed Tank E-cigarette Market by Components, 2017-2025 ($Million)
The U.K. Open Tank E-cigarette Market by Components, 2017-2025 ($Million)
Use of Electronic Cigarettes for Different Age Groups In Germany
Germany E-cigarette Device Market and After Market, 2017-2025 ($Million)
Germany E-cigarette Market by Product Type, 2017-2025 ($Million)
Germany Rechargeable E-cigarette Market by Components, 2017-2025 ($Million)
Germany Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Germany Open Tank E-cigarette Market by Components, 2017-2025 ($Million)
France E-cigarette Device Market and After Market, 2017-2025 ($Million)
France E-cigarette Market by Product Type, 2016-2025 ($Million)
France Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
France Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
France Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Poland E-cigarette Device Market and After Market, 2016-2025 ($Million)
Poland E-cigarette Market by Product Type, 2016-2025 ($Million)
Poland Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Poland Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Poland Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Italy E-cigarette Device Market and After Market , 2016-2025 ($Million)
Italy E-cigarette Market by Product Type, 2016-2025 ($Million)
Italy Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Italy Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Italy Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Rest of Europe E-cigarette Device Market and After Market , 2016-2025 ($Million)
Rest of Europe E-cigarette Market by Product Type, 2016-2025 ($Million)
Rest of Europe Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Rest of Europe Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Rest of Europe Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
APAC E-cigarette Market by Country, 2016-2025 ($Million)
China E-cigarette Device Market and After Market, 2016-2025 ($Million)
China E-cigarette Market by Product Type, 2016-2025 ($Million)
China Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
China Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
China Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
India E-cigarette Device Market and After Market, 2016-2025 ($Million)
India E-cigarette Market by Product Type, 2016-2025 ($Million)
India Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
India Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
India Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Japan Device Market and After Market, 2016-2025 ($Million)
Japan E-cigarette Market by Product Type, 2016-2025 ($Million)
Japan Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Japan Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Japan Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Rest of APAC E-cigarette Device Market and After Market, 2016-2025 ($Million)
Rest of APAC E-cigarette Market by Product Type, 2016-2025 ($Million)
Rest of APAC Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Rest of APAC Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Rest of APAC Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
Latin America E-cigarette Device Market and After Market , 2016-2025 ($Million)
Latin America E-cigarette Market by Product Type, 2016-2025 ($Million)
Latin America Rechargeable E-cigarette Market by Components, 2016-2025 ($Million)
Latin America Closed Tank E-cigarette Market by Components, 2016-2025 ($Million)
Latin America Open Tank E-cigarette Market by Components, 2016-2025 ($Million)
RoW E-cigarette Market and After Market, 2016-2025 ($Million)
Others E-cigarette Market by Product Type, 2016-2025 ($Million)
T- Vapor Market Segmentation by Region
Global T-Vapor Market, 2016-2025 ($Million)
Global T-Vapor Market by Region, 2016-2025 ($Million)
North America T-Vapor Market by Country, 2016-2025 ($Million)
Europe T-Vapor Market by Country, 2016-2025 ($Million)
APAC T-Vapor Market by Country, 2016-2025 ($Million)
RoW T-Vapor Market by Region, 2016-2025 ($Million)
Altria Group, Inc.: Product Portfolio
Altria Group, Inc.: Overall Financials (2014-2016)
Altria Group, Inc.: Net Revenue by Business Segment (2014-2016)
Altria Group, Inc.: SWOT Analysis
Apollo Future Technology Ltd.: Overall Product Portfolio
Apollo Future Technology Ltd.: SWOT Analysis
British American Tobacco: Product Portfolio
British American Tobacco: Overall Financials (2014-2016)
British American Tobacco: Net Revenue by Region (2014-2016)
British American Tobacco: SWOT Analysis
Eleaf Electronics Co., Ltd.: Overall Product Portfolio
Eleaf Electronics Co., Ltd.: SWOT Analysis
Flavortec SP. Z O.O.: Overall Product Portfolio
Flavortec SP. Z O.O.: SWOT Analysis
Japan Tobacco Inc.: Product Portfolio
Japan Tobacco Inc. : Overall Financials (2014-2016)
Japan Tobacco Inc.: Net Revenue by Region (2014-2016)
Japan Tobacco Inc.: Net Revenue by Business Segment (2014-2016)
Japan Tobacco Inc.: SWOT Analysis
JUUL Labs, Inc.:Overall Product Portfolio
JUUL Labs, Inc:. SWOT Analysis
International Vapor Group: Overall Product Portfolio
International Vapor Group: SWOT Analysis
Innokin Technology Co., Ltd:. Overall Product Portfolio
Innokin Technology Co., Ltd.: SWOT Analysis
Molecule Labs, Inc.: Overall Product Portfolio
Molecule Labs, Inc.: SWOT Analysis
Nicopure Labs, LLC: Overall Product Portfolio
Nicopure Labs, LLC: SWOT Analysis
NJOY: Overall Product Portfolio
NJOY: SWOT Analysis
Philip Morris International Inc.: Product Portfolio
Philip Morris International Inc.: Overall Financials (2014-2016)
Philip Morris International Inc.: Net Revenue by Region (2014-2016)
Philip Morris International, Inc.: SWOT Analysis
PAX Labs, Inc.: Overall Product Portfolio
PAX Labs, Inc.: SWOT Analysis
VMR Products, LLC : Overall Product Portfolio
VMR Products, LLC SWOT Analysis

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